SteelAsia Manufacturing Corp. and China’s BaoSteel Group have entered into an agreement to build a P108-billion integrated steel facility. Know more:
SteelAsia Manufacturing Corp. and China’s BaoSteel Group have entered into an agreement to build a P108-billion integrated steel facility.
The facility will produce 3 million tons of liquid steel that can be converted into almost any finished steel product that can then feed and strengthen other industries such as the construction sector, automobile industry, appliances and ship building to name a few. Baowu will be fielding a team next month to jointly explore with SteelAsia a possible suitable location for this project.
During his state visit in China from January 3 to 5, Marcos was able to secure $22.8 billion worth of investment pledges.
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